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Electronic Security Products

Growth in the US market for electronic security products will average 7.0 percent annually through 2019, reaching $16.2 billion. Gains will be driven by the rising need for highly sophisticated, interoperable security systems in a variety of end use settings, promoting the use of more and higher value products.

This report segments the electronic security product industry by product and market, with data provided in dollars.

Electronic security products covered in the report include:

Alarms

Access Controls

Video Surveillance

Contraband Detection

Electronic Article Surveillance

Alarms will continue to represent the largest product segment through 2019, accounting for 29 percent of the market. Sales of video surveillance products -- including cameras, monitors, and recording equipment -- will see the fastest gains over that period, increasing at an 8.2 percent annual pace. Advances for video surveillance products will be driven by the increasing technological complexity of these devices, allowing for additional performance attributes. The ongoing shift from older analog systems to IP capable digital ones will also support replacement demand.

Major markets for electronic security products include:

Government and Institutional

Consumer

Trade and Distribution

Industrial

Air Transport

Financial Institutions

Offices & Lodging

Services

The government and institutional market was the leading outlet in 2014, accounting for one-fifth of demand. Through 2019, offices and lodging facilities and consumer users will generate the fastest growth, benefiting from rising installation as expenditures on new building construction increase.